BAAC to convert loan cards | Bangkok Post: business

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BAAC to convert loan cards

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The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) will upgrade the features of some of its loan cards for farmers to credit cards within one year. 

President Luck Wajananawat said 10% of cardholders will qualify for credit card use, while credit card operations will be under Bank of Thailand supervision.

The BAAC has issued 4.13 million cards to farmers with a combined credit line 63.2 billion baht.

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